New Keynesian Model Features that Can Reproduce Lead, Lag and Persistence Patterns

This paper uses a new method for describing dynamic comovement and persistence in economic time series which builds on the contemporaneous forecast error method developed in den Haan (2000). This data description method is then used to address issues in New Keynesian model performance in two ways. First, well known data patterns, such as output and inflation leads and lags and inflation persistence, are decomposed into forecast horizon components to give a more complete description of the data patterns. These results show that the well known lead and lag patterns between output and inflation arise mostly in the medium term forecasts horizons. Second, the data summary method is used to investigate a rich New Keynesian model with many modeling features to see which of these features can reproduce lead, lag and persistence patterns seen in the data. Many studies have suggested that a backward looking component in the Phillips curve is needed to match the data, but our simulations show this is not necessary. We show that a simple general equilibrium model with persistent IS curve shocks and persistent supply shocks can reproduce the lead, lag and persistence patterns seen in the data.

Artículo "Now it can beftold. From our Spain correspondent" publicado en "The Economist". Trata del bombardeo de Gernika y el estado de la investigación.

Fecha: 26-4-1975 / Unidad de instalación: Carpeta 48 - Expediente 7-3 / Nº de pág.: 1 (mecanografiada)

Régimen jurídico de las lenguas y reconocimiento de la diversidad lingüística en el Tratado por el que se establece una Constitución para Europa

The territory of the European Union is made up of a rich and wide-ranging universe of languages, which is not circumscribed to the «State languages». The existence of multilingualism is one of Europe’s defining characteristics and it should remain so in the constantly evolving model of Europe’s political structure. Nonetheless, until now, the official use of languages has been limited to the «State languages» and has been based on a concept of state monolingualism that has led to a first level of hierarchization among the languages of Europe. This has affected the very concept of European language diversity. The draft of the treaty establishing a European Constitution contains various language-related references that can be grouped in two major categories: on the one hand, those references having to do the constitutional status of languages, and on the other, those regarding the recognition of European language diversity. Both issues are dealt with in this article. In analyzing the legal regime governing languages set forth in the draft of the constitutional treaty, we note that the draft is not based on the concept of the official status of languages. The language regulation contained in the draft of the constitutional treaty is limited in character. The constitutional language regime is based on the concept of Constitutional languages but the official status of languages is not governed by this rule. The European Constitution merely enunciates rights governing language use for European citizens vis-à-vis the languages of the Constitution and refers the regulation of the official status of languages to the Council, which is empowered to set and modify that status by unanimous decision. Because of its broad scope, this constitutes a regulatory reservation. In the final phase of the negotiation process a second level of constitutional recognition of languages would be introduced, linked to those that are official languages in the member states (Catalan, Basque, Galician, etc.). These languages, however, would be excluded from the right to petition; they would constitute a tertium genus, an intermediate category between the lan guages benefiting from the language rights recognized under the Constitution and those other languages for which no status is recognized in the European institutional context. The legal functionality of this second, intermediate category will depend on the development of standards, i.e., it will depend on the entrée provided such languages in future reforms of the institutional language regime. In a later section, the article reflects on European Union language policy with regard to regional or minority languages, concluding that the Union has not acted in accordance with defined language policy guidelines when it has been confronted, in the exercise of its powers, with regional or minority languages (or domestic legislation having to do with language demands). The Court of Justice has endeavoured to resolve on a case by case basis the conflicts raised between community freedoms and the normative measures that protect languages. Thus, using case law, the Court has set certain language boundaries for community freedoms. The article concludes by reflecting on the legal scope of the recognition of European language diversity referred to in Article II-82 of the European Constitution and the possible measures to implement the precept that might constitute the definition of a true European language policy on regional or minority languages. Such a policy has yet to be defined.

"Degollaron a todos los dichos treynta e tres yngleses e asy degollados dis que los lançaron en la mar": Las hermandades vascas y la lucha contra la piratería en la Baja Edad Media

[ES]En este artículo se analizan las acciones de piratería y de corso sufridas o protagonizadas por naturales del País Vasco en el siglo XV. Igualmente se analiza la concesión de cartas de marca y represalia para resarcirse de las acciones piráticas. Y, por último, la persecución de la pirtaería por parte de las autoridades de la provincia de Guipúzcoa, a través de la institución de la Hermamdad, mediante el ejemplo de un buque inglés capturado por piratas vascos.

Can the change in the composition of the US GDP explain the Great Moderation? A test via oil price shocks

The paper investigates whether the growing GDP share of the services sector can contribute to explain the great moderation in the US. We identify and analyze three oil price shocks and use a SVAR analysis to measure their economic impact on the US economy at both the aggregate and the sectoral level. We find mixed support for the explanation of the great moderation in terms of shrinking oil shock volatilities and observe that increases (decreases) in oil shock volatilities are contrasted by a weakening (strengthening) in their transmission mechanism. Across sectors, services are the least affected by any oil shock. As the contribution of services to the GDP volatility increases over time, we conclude that a composition effect contributed to moderate the conditional volatility to oil shocks of the US GDP.

Kv7 Channels Can Function without Constitutive Calmodulin Tethering

9 p.

Yes, we can!

Duración (en horas): Más de 50 horas. Destinatario: Estudiante y Docente

Water quality assessment and characterisation of chlorophyll-a variability related to river discharges, within the southeastern Bay of Biscay : evaluation and development of chlorophyll-a algorithms for MODIS and MERIS imagery

222 p. : il.

Caín y Abel

Nivel educativo: Grado. Duración (en horas): De 11 a 20 horas

Estudio del marco normativo para las bibliotecas escolares: análisis de los proyectos de lectura de bibliotecas escolares de Andalucía, Catalunya y País Vasco

Español-> En esta investigación bibliográfica hemos analizado el trabajo de las tres Comunidades Autónomas en el tema de las bibliotecas escolares y hemos conocido el programa principal para su fomento utilizado en cada una de ellas. Para ello, hemos partido de lo que la IFLA/UNESCO y el Estado Español en su legislación y diferentes normativas establecen acerca de las bibliotecas escolares. Además, se ha realizado una comparación entre los tres programas de bibliotecas escolares de las Comunidades Autónomas seleccionadas: Andalucía, Catalunya y País Vasco. Finalmente, hemos conocido mediante los trabajos de diversos autores, los objetivos que para el futuro deben cumplir las bibliotecas escolares.

Which policy option can be more cost-effective in promoting the use of energy efficient appliances in Europe? A comparison of energy taxes, subsidies, tax credits and bans.

4 p.

Ganadores del certamen literario de Ciencia Ficción Alberto Magno 2007-2010

La traición de Judas (Joaquín Revuelta Candón, 15ª edición 2003: 1er Premio). - Lemmings (Ignacio Sanz Vallas, 15ª edición 2003: 2º Premio) - Mar de Titanes (José Manuel González Rodríguez, 15ª edición 2003: Premio UPV). - No habrá vergüenza en mi derrota (Juan Luis López Aranguren, 16ª edición 2004: 1er Premio). - Sobre los inmortales (Ezequiel Dellutri, 16ª edición 2004: 2º Premio). - Tximeleta mezularia (Gotzone Barandika, 16ª edición 2004: Premio UPV). - Argos (José Antonio Cotrina Gómez, 17ª edición 2005: 1er Premio). - Las lágrimas de Caín (Juan Luis López Aranguren, 17ª edición 2005: 2º Premio). - Las dudas de Job (José Manuel González Rodríguez, 17ª edición 2005: Premio UPV). - Una larga descendencia (Santiago García Albás, 18ª edición 2006: 1er Premio). - La apuesta faustiana (Vladimir Hernández Pacín, 18ª edición 2006: 2º Premio)

Spinal circuits can accommodate interaction torques during multijoint limb movements

The dynamic interaction of limb segments during movements that involve multiple joints creates torques in one joint due to motion about another. Evidence shows that such interaction torques are taken into account during the planning or control of movement in humans. Two alternative hypotheses could explain the compensation of these dynamic torques. One involves the use of internal models to centrally compute predicted interaction torques and their explicit compensation through anticipatory adjustment of descending motor commands. The alternative, based on the equilibrium-point hypothesis, claims that descending signals can be simple and related to the desired movement kinematics only, while spinal feedback mechanisms are responsible for the appropriate creation and coordination of dynamic muscle forces. Partial supporting evidence exists in each case. However, until now no model has explicitly shown, in the case of the second hypothesis, whether peripheral feedback is really sufficient on its own for coordinating the motion of several joints while at the same time accommodating intersegmental interaction torques. Here we propose a minimal computational model to examine this question. Using a biomechanics simulation of a two-joint arm controlled by spinal neural circuitry, we show for the first time that it is indeed possible for the neuromusculoskeletal system to transform simple descending control signals into muscle activation patterns that accommodate interaction forces depending on their direction and magnitude. This is achieved without the aid of any central predictive signal. Even though the model makes various simplifications and abstractions compared to the complexities involved in the control of human arm movements, the finding lends plausibility to the hypothesis that some multijoint movements can in principle be controlled even in the absence of internal models of intersegmental dynamics or learned compensatory motor signals.

Apaf-1 Inhibitors Protect from Unwanted Cell Death in In Vivo Models of Kidney Ischemia and Chemotherapy Induced Ototoxicity

Background: Excessive apoptosis induces unwanted cell death and promotes pathological conditions. Drug discovery efforts aimed at decreasing apoptotic damage initially targeted the inhibition of effector caspases. Although such inhibitors were effective, safety problems led to slow pharmacological development. Therefore, apoptosis inhibition is still considered an unmet medical need. Methodology and Principal Findings: The interaction between Apaf-1 and the inhibitors was confirmed by NMR. Target specificity was evaluated in cellular models by siRNa based approaches. Cell recovery was confirmed by MTT, clonogenicity and flow cytometry assays. The efficiency of the compounds as antiapoptotic agents was tested in cellular and in vivo models of protection upon cisplatin induced ototoxicity in a zebrafish model and from hypoxia and reperfusion kidney damage in a rat model of hot ischemia. Conclusions: Apaf-1 inhibitors decreased Cytc release and apoptosome-mediated activation of procaspase-9 preventing cell and tissue damage in ex vivo experiments and in vivo animal models of apoptotic damage. Our results provide evidence that Apaf-1 pharmacological inhibition has therapeutic potential for the treatment of apoptosis-related diseases.